Overview
What is Good Faith Media Inc?
Good Faith Media Inc, located in Norman, Oklahoma, is a nonprofit organization that operates the Nurturing Faith Journal, a publication dedicated to offering insightful analysis, inspiring features, and practical resources for Christian living. With a mission deeply rooted in the Baptist tradition of freedom of conscience, the organization aims to support reflective Christians navigating a rapidly changing culture. Currently, Good Faith Media Inc employs a team of 12 individuals, committed to providing trustworthy and thought-provoking content to its audience.
Official website here: www.goodfaithmedia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Good Faith Media Inc has achieved a solid rating of 80%, which reflects its strong commitment to accountability and finance. The rating is derived solely from financial metrics, highlighting the organization's dedication to transparency and responsible management of resources. The organization has a fully independent board, which is a positive indicator of its governance practices.
The nonprofit has demonstrated good financial health, with a low liabilities to assets ratio of 8.78%, indicating stability. Additionally, the organization efficiently manages its fundraising efforts, with a fundraising efficiency ratio of $0.13, suggesting that it effectively converts donations into programmatic activities. Furthermore, the majority of its expenses are allocated towards its programs, with a program expense ratio of 66.90%.
However, some areas for improvement include the absence of a whistleblower policy and document retention and destruction policy, both of which received a score of zero. Addressing these policy gaps could enhance the organization’s overall governance and accountability framework. Overall, Good Faith Media Inc exhibits a strong performance in financial management but would benefit from bolstering its policy infrastructure.
This AI summary has been generated from information found on Charity Navigator.
Is Good Faith Media Inc legitimate?
Good Faith Media Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Faith Media Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $271,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $556,993
For more financial information, click here
Official website here: www.goodfaithmedia.org
What is the mission statement of Good Faith Media Inc?
Good Faith Media Inc's mission is centered around providing reliable and thoughtful information, as well as inspiring features, for Christians who are striving to maintain a mature faith in a rapidly evolving culture. This mission is rooted in the traditional Baptist belief in the freedom of conscience. The organization achieves this through their publication, Nurturing Faith Journal, which offers analysis, features, and resources for Christian living.
In essence, Good Faith Media Inc serves as a trusted source of information and inspiration for reflective Christians, helping them navigate the complexities of modern culture while staying true to their faith. By embracing the Baptist tradition of freedom of conscience, the organization fosters an environment where individuals can explore their faith in a meaningful and engaging way.
The organization's goal is to support Christians in their spiritual journey, offering them the tools and resources they need to live out their faith in a mature and meaningful way, even in the face of a fast-changing culture. Through Nurturing Faith Journal, Good Faith Media Inc provides a platform for thoughtful analysis, inspiring stories, and helpful resources, all rooted in the rich heritage of the Baptist tradition.
Official website here: www.goodfaithmedia.org
Who is the CEO of Good Faith Media Inc?
R Mitch Randall is the Ceo of Good Faith Media Inc. The CEO's salary of Good Faith Media Inc is $137,200 and their total compensation is $158,933.
Official website here: www.goodfaithmedia.org
What is the revenue of Good Faith Media Inc?
Good Faith Media Inc's revenue in 2022 was $1,019,094.
Official website here: www.goodfaithmedia.org
Who are the executives of Good Faith Media Inc and what are their salaries?
The average compensation at Good Faith Media Inc during 2022 was $69,066. There are 12 employees and 40 volunteers at Good Faith Media Inc.
Here are 14 key members and their salaries (Good Faith Media Inc's CEO's salary is $137,200 and their total compensation is $158,933):
- Compensation: $137,200
- Related: $0
- Other: $21,733
- Compensation: $134,600
- Related: $0
- Other: $13,460
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.goodfaithmedia.org
Where can I find the form 990 for Good Faith Media Inc?
Good Faith Media Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodfaithmedia.org
Learn more at the official website: www.goodfaithmedia.org
Mission Statement of Good Faith Media Inc
Good Faith Media Inc, a nonprofit organization, is dedicated to supplying pertinent and reliable information, thoughtful analysis, and uplifting features that resonate with the historic Baptist tradition of freedom of conscience. Their mission caters to reflective Christians who strive to embody a mature faith in a rapidly evolving society. Through their publication, Nurturing Faith Journal, Good Faith Media Inc offers in-depth analysis, inspiring stories, and valuable resources for Christian living. This journal operates independently and serves a national audience, aiming to foster a deeper understanding and application of faith in contemporary culture.
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Impact
July, 2024
Good Faith Media Inc's impact lies in its commitment to providing relevant and trusted information, thoughtful analysis, and inspiring features rooted in the historic Baptist tradition of freedom of conscience. Through initiatives like the Nurturing Faith Journal, this organization offers valuable resources for Christian living and nurtures a community of reflective Christians navigating a rapidly changing culture. By prioritizing authentic dialogue and thoughtful exploration of faith, Good Faith Media Inc plays a crucial role in empowering individuals to live out a mature faith in today's world.
This information is meant to be a general summary of Good Faith Media Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,074
- Program Service Revenue: $162,995
- Gross Receipts: $1,026,248
Assets and Liabilities:
- Total Assets: $353,607
- Total Liabilities: $119,914
- Net Assets: $233,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Book Publishing
Revenue
$41,468
Media Production
Revenue
$7,400
Nurturing Faith Journal
Revenue
$101,311
Other Programs
Revenue
$12,816
Organization Details
Founding Year
1986
Phone
(256) 438-1191Principal Officer
R Mitch Randall
Main Address
PO Box 721972, Norman, OK, 73070
Website
www.goodfaithmedia.orgNTEE Category
Code: X80 - Religion related
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